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$KSU said 1Q16 operating income of $188MM was 5% higher than a year ago. Excluding lease termination costs in 2015, operating income was flat compared to 1Q15. Operating ratio of 66.6% was less than 70.5% reported in 1Q15. Excluding lease termination costs in 2015, adjusted operating ratio fell 2.3 points compared to 1Q15.
$GOOG’s Waymo accuses Uber of stealing its intellectual property. Startup Otto, which was recently acquired by Uber, also named in the lawsuit. Stage set for another dramatic legal battle!
We all knew $VALE CEO Murilo Ferreira was going out soon, but now I hear he has no idea who will succeed him!
$JCP, another traditional retailer that just shocked us with its biggest number of store closures.